2nd Oct 2015 16:23
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Another member of the board of Glencore acquired shares in the company, adding to two notable share purchases already carried out this week.
William Macauley, an independent non-executive director, bought 1.7 million Glencore shares for 90.91 pence per share on Thursday, giving the transaction a total value of GBP1.5 million. Glencore did not provide any details on his total holding. Macauley is the chairman and chief executive of buyout house First Reserve Corp.
He is the third board member to buy shares in Glencore in what has been a turbulent week for the business. The week kicked off with a massive fall in FTSE 100 company's share price on Monday, down 29%, after Investec raised concerns that Glencore's equity value could all but "evaporate" should commodity prices remain low and should it fail to undertaken substantial restructuring of its debt obligations.
A good portion of those losses were pulled back on Tuesday and Wednesday, when Glencore defended its financial position and said it remains confident in its outlook.
Macauley's purchase is comfortably the biggest made by one of the company's directors this week, following on from two others already completed.
On Wednesday, Chairman Tony Hayward acquired 100,000 shares in the company for 90.89 pence per share, worth GBP90,890. Hayward also is the chairman of oil and gas company Genel Energy PLC and was the chief executive of oil major BP PLC when the Gulf of Mexico oil spill occurred in 2010.
That was followed on Thursday by Independent Non-Executive Director John Mack, who bought 550,000 shares in the company for 80.78 pence per share, giving the acquisition a total value of GBP444,290.
Mack is the former chief executive and chairman of US investment bank Morgan Stanley and was at the helm of Morgan Stanley when Lehman Brothers collapsed in 2008, sparking the global financial crisis. He stepped down as the bank's chief executive in 2009 and retired as chairman in 2011.
Glencore shares closed up 4.4% at 95.00p Friday.
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Strat Aero said Chief Executive Tony Dunleavy bought 200,000 shares in the company at 5.75 pence each on Wednesday, and 130,000 shares at 6.15p each on Thursday. The two purchases were Dunleavy's first and represent 0.4% of the aerospace company's issued share capital.
Dunleavy was appointed as chief executive last month, replacing Russell Peck. Dunleavy is an accountant with 30 years of experience advising companies, Strat Aero had said, including working with Milestone Aviation prior to its USD2.0 billion acquisition by General Electric Co.
Strat Aero on Wednesday had said it had agreed to buy unmanned aerial vehicle company Geocurve Holdings in cash and shares. Geocurve is a privately-owned company which focuses on providing UAV-operated topographical surveys an inspection services.
The stock closed up 30% at 9.43p Friday, more than double its closing price on Tuesday before the Geocurve news.
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Property developer Derwent London said Chief Executive John Burns and Director Simon Silver both sold shares in the company at GBP36.465 each on Thursday. Burns sold 43,746 shares and now has a total holding of 694,498 shares representing 0.625% of the company's issued share capital. Silver sold 30,000 shares and now has a total holding of 239,887 shares representing 0.216% of the company's issued share capital. Derwent London shares closed Friday up 1.2% at 3,666.00p.
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NetDimensions (Holdings) said its chief executive and chairman both added to their shareholdings on Thursday. Chief Executive Jay Shaw bought 500 shares at 61.00 pence per share. His holding is 4.8 million shares, or around 12% of the company's issued share capital. Meanwhile, Non-Executive Chairman Graham Higgins bought 1,000 shares for the same price, raising his total shareholding to 217,750 shares, or a stake of around 0.6%. The stock ended Friday flat at 61.00p.
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Oil and gas company SOCO International said two of its non-executive directors bought shares in the company on Thursday. SOCO said Marianne Daryabegui bought 6,090 shares for 163.00 pence per share, while Mike Watts bought 4,271 shares at the same price. Darybegui owns a total of 23,921 SOCO shares, or a 0.007% stake, while Watts holds 111,107 shares, or 0.03% of the company's issued share capital. SOCO shares closed Friday up 6.6% at 173.00p.
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Amara Mining said Chairman and Chief Executive John McGloin bought shares in the company on Thursday, his second purchase of the week. McGloin bought 110,420 shares in the company at 9.05 pence per share, following on from the 112,421 shares he bought for 8.88p per share on Tuesday. Following the second purchase, McGloin and persons connected to him own 1.8 million Amara shares, or a 0.4% stake in the company. Shares ended Friday down 0.3% at 9.05p.
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Power and data cabling company Volex said its chief financial officer acquired shares in the company on Thursday. Volex said Daren Morris bought 10,000 shares for 66.5 pence per share, raising his total shareholding to 210,000 shares, or around 0.23% of the company. On Tuesday, Volex said its underlying profit in the first half to the end of September will be flat year-on-year and said Chief Executive Officer Christoph Eisenhardt plans to step down for personal reasons. Volex closed Friday down 5.4% at 61.50p.
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Camper & Nicholsons Marina Investments said Chairman Christopher Lewinton bought shares in the company on Thursday. Lewinton bought 680,000 shares for 6.5 pence per share, taking his total shareholding to 5.2 million shares, or about 3.1% of the company's issued share capital. The stock was untraded Friday at 6.50p.
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Lead and zinc miner Minco said Rowan Maule, a director of the company, sold 60% of his shares on Monday. Maule sold 500,000 Minco shares for 1.1 pence per share, leaving him with 325,000 shares in the company. The stock ended Friday down 8.5% at 1.03p.
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Origin Enterprises said Non-Executive Director Christopher Richards purchased 3,978 shares in the company for EUR6.80 per share on Friday. Richards now owns 3,978 shares in the Irish agri-services company, or a 0.003% stake. Origin shares closed at EUR6.42 Friday.
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Monitise said Chief Executive Lee Cameron bought 1 million shares in the company at 2.783 pence each. Cameron also exercised options over 300,000 shares at an exercise price of 1p each. Following this, Cameron holds 1.6 million shares representing 0.07% of the company's issued share capital. Shares in Monitise closed up 4.1% at 2.79p Friday.
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Sopheon said Executive Chairman Barry Mence and Chief Financial Officer Arif Karimjee bought 15,565 shares and 10,805 shares in the company, respectively, at prices of 68.0 pence and 64.0p. Shares in Sopheon closed up 13% at 67.00p Friday.
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Long-term savings provider Hansard Global said Graham Morrall, its global sales and marketing director, bought shares in the company on Thursday. Hansard said Morrall bought 9,137 shares in the company for 109.00 pence per share, increasing his total shareholding to 14,437 shares. Hansard Global shares ended Friday flat at 111.00p.
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Churchill China, which makes ceramic, glass and wood tableware and cutlery, said Non-Executive Director Andrew Roper sold shares in the company on Friday. Roper sold 5,000 shares for 665.00 pence per share, leaving him with a total shareholding of 637,430 shares, or a 5.8% stake. The stock closed up 1.6% at 683.00p Friday.
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Phaunos Timber Fund said Senior Independent Director William Weeks Vanderfelt bought 75,000 shares in the company at USD0.3350 each. Following the transaction, Vanderfelt holds 8.1 million shares, representing 1.4478% of the company's issued share capital. The fund's shares were untraded Friday at USD0.322.
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By Sam Unsted; [email protected]; @SamUAtAlliance
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